Answer:
In the books of Eisler Corporation :
Cash ( 2,000 x 1,000 x 101 %) A/c Dr. 2,020,000
Discount on Bonds Payable A/c Dr. $59,216
To Bonds Payable 2,000,000
To Paid-in Capital : Stock Warrants 79,216
Workings:
Bond issue proceeds proportionately allocated to bonds:
= 1,940,784.31
Discount on bonds payable = $ 2,000,000 - $1,940,784
= $59,216
Answer:
B. Sarbanes-Oxley
Explanation:
The Sarbanes-oxley act also know as Public company accounting reform and investor protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a US Federal law that cracks down on corporate fraud. The act gave protection to whistleblowers and strengthened the independence and financial literacy of corporate boards.
The Act mandates archiving business documents and relevant internal communication, including e-mail and instant messages to guard against destruction of evidence to impede a federal investigation.
An assurance means the knowledge and courtesy of employees and their ability to convey trust.
<h3>What is an
assurance?</h3>
This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.
Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.
Therefore, the Option A is correct.
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Answer:
a. $11,989
Explanation:
tax rate // for income above
0.1 // $ 0
0.12 // $ 13,600
0.22 // $ 51,800
0.24 // $ 82,500
Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.
first bracket:
$13,600 x 10% = $ 1,360
second bracket:
($51,800 - $13,600) x 12% = $ 4,584
third bracket
($79,280 - $51,800) x 22% = $ 6,045.6
total tax income: 11,989.6
George H.W. Bush firmly said, "Read my lips: no new taxes."
He would continue to be troubled by the words. The top tax rate was increased from 28% under Ronald Reagan to 31% by the Omnibus Budget Reconciliation Act of 1990.
What is Tax??
In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behaviour. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (A person or legal entity) is used by a government organisation to pay for government expenses and other public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation. Taxes can be paid in cash or in the labour equivalent and can be either direct or indirect.
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